Never Be Greedy!

[enwi]

Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.

In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your  emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.

Yeah, I agree with you in every aspect of our lives we should not be greedy. We must be able to control our emotions and have targets. because when the target has been achieved we should not be greedy to get bigger profits, because the crypto market is difficult to predict and very volatile. I agree with those who suggest not to be greedy.

Of course every choice entails certain repercussions, more so when the matters concerned have high risk factors. It is highly important to exercise self-control and subdue oneself in different circumstances to not be enticed by materialism. This is also part of a careful decision since if you already have a goal then you will know when to quit. Things don’t always happen as they are planned which is very much evident in something that is fluid and unpredictable. It increases the risk of business since if profit being made alone is concerning without much attention to risks involved then the likelihood of making a loss is even higher. It is better to enjoy the outcome that has been made without having to desired for something, which is actually stressful.

[milewilda]

Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.

In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your  emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.

Yeah, I agree with you in every aspect of our lives we should not be greedy. We must be able to control our emotions and have targets. because when the target has been achieved we should not be greedy to get bigger profits, because the crypto market is difficult to predict and very volatile. I agree with those who suggest not to be greedy.

Being greedy is part of human being on which we do really have that really having the love for money and whatever the things that we are getting involved into, then it will be that understandable that there will really be those times or moments that you do become that impulsive on which you will be having those kind of hopes that you can be able to make huge amount of money at the moment that you do gamble. Greediness isnt only just that applicable on gambling space but also in investment or even on trading on which there's really that those moments or times that you do have that kind of mindset and trying out to make out such action.

[omori]

In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your  emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

[Mr. Magkaisa]

Greed must be eliminated in every aspect of life, otherwise it will not be possible to be successful in life. In trading, one must have the ability to manage greed, otherwise excessive greed will lead to losses despite the possibility of making a profit at a particular moment. It should be remembered that trading is an important field, and if someone does not have the skills to handle greed, it would be wise to stay away from trading.

In every aspect of life not just trading, if you are greedy there is a possibility for the person to be a looser. contentment is the weapon that you can use to fight against greediness. If you are happy and satisfied with every little thing that you have or the little profit that you make, then there will be no room for greediness. As a trader, it is very important for you to control your emotions and don't let your  emotions control you because it may lead to taking the wrong decision that will affect your career and you will live to regret it for the rest of your life.

Yeah, I agree with you in every aspect of our lives we should not be greedy. We must be able to control our emotions and have targets. because when the target has been achieved we should not be greedy to get bigger profits, because the crypto market is difficult to predict and very volatile. I agree with those who suggest not to be greedy.

Being greedy is part of human being on which we do really have that really having the love for money and whatever the things that we are getting involved into, then it will be that understandable that there will really be those times or moments that you do become that impulsive on which you will be having those kind of hopes that you can be able to make huge amount of money at the moment that you do gamble. Greediness isnt only just that applicable on gambling space but also in investment or even on trading on which there's really that those moments or times that you do have that kind of mindset and trying out to make out such action.

        -      Greediness can actually enter people's minds anywhere. Especially when they are discussing money. Even in crypto trading,
many people fall into greed honestly speaking.

That's why we should be content with what we can get as profit, if there is profit, don't aim for a high or large amount so that the profit that was supposed
to be lost doesn't turn into stone in the end.

[ZAINmalik75]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

With greed we can empty our portfolio because if we are making profit the greed of making more or losing a bit lesser can liquidate us therefore in future trading, greed should have no place at all because emptying your wallet is the worst scenario.

We must control our emotions and we should be very strict with out trades because with emotional trading we can also get ourselves liquidated therefore emotions and greed should be kept aside before doing trading and we should not do future trading until we have only 10$ but we should still not do it anyway.

[PX-Z]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

With greed we can empty our portfolio because if we are making profit the greed of making more or losing a bit lesser can liquidate us therefore in future trading, greed should have no place at all because emptying your wallet is the worst scenario.

It's okay to be greedy but in moderation lol. Just kidding, yes, in spot trading it's hard to be greedy IMO, but for future that could be very possible and that won't take any days for someone to get rekt.

[alltalk]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

[SmartGold01]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.

[doc]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.

greed is indeed the wrong mentality, because it is not in accordance with the plans and strategies that we have decided. Sometimes greed makes us lose the best opportunity to gain profit. and finally we lose which makes our portfolio decrease.

[enwi]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

This is bad mate, I don't apply greed to what I am doing as it's a wrong mentality of someone wanting to make some specific x amount of their trading before they could exit the market which to me, I will say is not a good practice and it doesn't helps to increase our portfolio rather it would help to destroy our efforts to what we have sort for long term.

greed is indeed the wrong mentality, because it is not in accordance with the plans and strategies that we have decided. Sometimes greed makes us lose the best opportunity to gain profit. and finally we lose which makes our portfolio decrease.

Watching someone we know pursue something too close and fail to consider the boundaries is frustrating to watch. In some cases, gaining more simply leads to the loss of what one has had; this is especially when claiming the former was insurmountable. Of course, it is always beneficial that things should turn out the way we want them to be, but when we try to impose something heavily without relative understanding of the situation, outcomes are likely to be less optimal. Lust makes people act even when it is unworthy and the result is usually regret instead of achievement of desiring wants. It is probably time to make some conclusions and perhaps, in the next similar situations we would be capable of making decisions calmly without being driven by all sorts of desires.

[Bobcrypto]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

I said this before and I will throw more light on the issue of greed on trading. It is importance to note that trading with small capital is a factor that brings in greed, though there are people who are naturally greedy. However, on a normal situation, a trader with large capital will likely exist the market more often than a trader with a small capital.
For example, a Trader with a capital like $10k, will likely close is position faster, with an average profit rates, than a trader with a little capital like $500.
A trader that trade with small capital will delay to close his position or take profit with a average profit and may become very greedy, because he may desired an improve profit rate to close his position when the market increases further, but will losses if the market dumps.

[jeraldskie11]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

In that situation, when you make a trade you should have also set a tp and sl so that whenever the price reach that price it will automatically close the position even though you are not opening the app, because I really agree that when you didn't set your tp sometimes you will be tempted to extend your tp. This also means that you didn't have a good trading plan. Greed will come quickly to those traders who didn't have a good trading plan.

[ZAINmalik75]

It's okay to be greedy but in moderation lol. Just kidding, yes, in spot trading it's hard to be greedy IMO, but for future that could be very possible and that won't take any days for someone to get rekt.

Lol, you are right in spot trading we at least have chance of getting a life back in that token maybe when narrative will change the money will be coming into your token and it could pump. But in Spot people can be very greedy because if they have their hands on people's funds they can use those funds to trade in spot and can lose it in memecoins or in new tokens.

The chances are still high of losing it all in spot but unlike future there is still hope in spot.

[rizqillah]

Greed should be put aside when you are on the market - especially.
Because otherwise, there would probably be only losses, and no good results would ensue due to temptations.

Yep. We should avoid being greedy because it may ruin our plan. When it meets the target, it is better to take profits as quick as possible because the chance may only come once. If we become greedy, we may miss the chance/opportunity. Then, we may only get smaller profits, or even we got a lose. I've experienced this many times, I missed the chance to get thousands dollars because of being greedy. At the end of the day, I don't get anything (even a cent).

In that situation, when you make a trade you should have also set a tp and sl so that whenever the price reach that price it will automatically close the position even though you are not opening the app, because I really agree that when you didn't set your tp sometimes you will be tempted to extend your tp. This also means that you didn't have a good trading plan. Greed will come quickly to those traders who didn't have a good trading plan.

I agree with you, we must have a plan and run it well.
 People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.

[enwi]

I agree with you, we must have a plan and run it well.
 People who are not consistent with their plan will be greedy and want higher profits.
I am always consistent with the plan that I have arranged, even though I don't set my coins, I prefer to see the market movement in determining my coin selling.

Implementing decisions lays down an important step on consistency, in a given aspect of human activity, especially investment. If switching strategies occurs too frequently, the chances are high that not very relevant choices are opting for. Maintaining focus on the goals and staying with the strategic plan that was developed would enable us to refrain from making wrong decisions motivated by the possibility of gaining a profit hastily. Not reacting to the movements of the market also gives the length of time within which a person can possibly make the best move without being compelled to do so. Thus, any decision that is made is still based on the initial plan and is therefore more appropriate for the conditions of a current period.